Cattle on Feed Report To Reflect Tightening Supplies

December 20, 2012 12:35 AM
 

 

Traders are preparing for Friday afternoon's monthly Cattle on Feed Report.

 

Following are pre-report guesses:

Report expectations

Avg. Trade Guess

Range

% of year-ago levels

On Feed

93.4

92.8-93.8

Placements

91.2

88.5-93.4

Marketings

100.2

98.2-101.5

 


Juli says: With On Feed seen down from year-ago and Marketings about steady with year-ago, the report is expected to reflect a very current feedlot situation and points to tightening supplies through 2013.

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